Kimchi Craze: Exploring the Global Kimchi Market Size, Trends, and Forecast 2024-2032

Global Kimchi Market Outlook

According to the report by Expert Market Research (EMR), the global kimchi market size reached a value of USD 4032.63 million in 2023. Aided by the growing global fascination with fermented foods, an increasing appetite for ethnic cuisines, and the recognised health benefits of kimchi, the market is projected to further grow at a CAGR of 5.20% between 2024 and 2032 to reach a value of USD 6363.91 million by 2032.

Kimchi is a fermented vegetable dish, commonly made from napa cabbage and Korean radishes, with a variety of seasonings including chilli powder, garlic, ginger, and fermented seafood. It is celebrated for its complex flavour profile - spicy, sour, and umami - and its high nutritional value. Kimchi is rich in vitamins, fibre, and probiotics, which contribute to improved digestion and overall gut health. The diversity in kimchi varieties, from Baechu-kimchi (cabbage kimchi) to Kkakdugi (radish kimchi), caters to a wide range of palates and dietary preferences, making it a versatile component in numerous culinary applications.

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The kimchi market growth is driven by multiple factors. The rising awareness of the health benefits associated with fermented foods has significantly boosted the demand for kimchi. Its probiotic content, in particular, aligns with the current health trends emphasising gut health and immune system support.

Another key trend in the market is the growing demand for plant-based diets. This shift is driven by increasing health consciousness among consumers, concerns about meat consumption and animal welfare, and the high nutritional value of plant-based foods. As per the kimchi market outlook, countries with rising obesity rates, like the United States, the United Arab Emirates, and the United Kingdom, are seeing a move towards plant-based diets, further fuelling the demand for products like kimchi.

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The expansion of the vegan and health food market globally provides an additional impetus for kimchi's popularity. Innovations in flavour profiles and fermentation techniques to cater to local tastes without diluting kimchi's authentic essence can further broaden its appeal and boost the growth of the kimchi market. Additionally, the globalisation of food culture, facilitated by digital media and travel, has piqued interest in traditional Korean cuisine, with kimchi at its heart. The adaptability of kimchi, serving as a side dish, a condiment, or a cooking ingredient, enhances its appeal across various culinary traditions.

Technological advancements in fermentation processes and packaging have also contributed to the kimchi market expansion, enabling longer shelf life and easier distribution of kimchi without compromising its taste and nutritional value. Moreover, the increasing number of health-conscious and vegan consumers has spotlighted kimchi as a flavourful and nutritious plant-based option.

The future of the market is vibrant, with continued growth expected in both traditional and innovative product lines. The integration of kimchi into mainstream food products, such as burgers, pizzas, and even desserts, signifies its evolving role in global cuisine. According to the kimchi market analysis, the market is also likely to see a rise in premium and specialised kimchi products, targeting gourmet and health-conscious consumers.

The Asia Pacific region holds a considerable share of the market, with South Korea and China being key countries for both production and consumption. This is largely due to the traditional role of kimchi in these cultures, as well as the presence of Korean communities and the growing popularity of Korean cuisine internationally. North America is also expected to hold a sizeable kimchi market share, driven by increasing demand for vegan foods and cross-cultural cuisines. The U.S., in particular, is one of the largest importers of kimchi, indicating a growing interest in fermented foods and the incorporation of kimchi into various dishes.

Global Kimchi Market Segmentation

The market can be divided based on type, nature, end use, and region.

Market Breakup by Type

Kimchi Relish
Cabbage Kimchi
Cucumber Kimchi
Red Mustard Leaf Kimchi
Others

Market Breakup by Nature

Organic
Conventional

Market Breakup by End Use

Food Service Industry
Retail/Household

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global kimchi market. Some of the major players explored in the report by Expert Market Research are as follows:

CHOI'S KIMCHI CO.
Daesang Corporation
CJ CheilJedang Corp.
Pulmuone Corporate
TOP GOURMET Food Industries Pte Ltd.
Sinto Gourmet
Lucky Foods
Tazaki Foods Ltd.
Real Pickles
Mama O's Premium Kimchi
Others

Insights Unveiled inside the Report: Frequently Asked Questions

What changed into the worldwide kimchi market length in 2023?

The marketplace reached an approximate price of USD 4032.63 million in 2023.

What is the increase fee of the global kimchi market?

The market is projected to develop at a constant CAGR of 5.20% between 2024 and 2032.

What is the forecast outlook of the global kimchi market for 2024-2032?

The market is estimated to witness healthful growth at some stage in the forecast period of 2024-2032, attaining around USD 6363.91 million via 2032.

What are the fundamental market drivers of the kimchi enterprise?

The most important marketplace drivers consist of growing health consciousness amongst consumers and the globalization of Korean meals.

What are the important thing tendencies shaping the kimchi market?

The key trends encompass a shift closer to a vegan life-style, increasing intake of kimchi as a superfood, and its developing incorporation in snacks like burgers.

What are the principal local markets for kimchi, according to the EMR report?

The fundamental local markets encompass North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

What are the one-of-a-kind varieties of kimchi available in the market?

Different varieties of kimchi available inside the marketplace encompass kimchi appreciate, cabbage kimchi, cucumber kimchi, and pink mustard leaf kimchi, among others.

Who are the key marketplace players within the kimchi enterprise, as in step with the marketplace document?

The key marketplace players encompass CHOI'S KIMCHI CO., Daesang Corporation, CJ CheilJedang Corp., Pulmuone Corporate, TOP GOURMET Food Industries Pte Ltd., Sinto Gourmet, Lucky Foods, Tazaki Foods Ltd., Real Pickles, and Mama O's Premium Kimchi, among others.

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